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H2C COVID-19 POV Series • Telehealth
Telehealth Implications in a Post-COVID World
September 23, 2020
By Richard I. Rollo
H2C has been actively following developments in the healthcare industry as our clients grapple with the immediate effects of the COVID-19 pandemic and begin considering its aftermath. Our observations have helped form a collective perspective, which we will share in a series of short articles.
About Hammond Hanlon Camp LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm with a singular focus on health care. Our commitment to exceed our clients’ expectations begins with senior leadership on every engagement and continues with independent and objective strategic advice. Our belief in the markets and in the power of competition has resulted in loyal clients and long-term relationships.
The experienced professionals at H2C are well positioned to serve as your trusted advisors. We have the expertise to understand the unique complexities of the healthcare industry and an in-depth knowledge of the range of potential alternatives essential to designing and implementing highly successful business and financial strategies. We bring in-depth knowledge and experience across the full continuum of care and across a wide range of healthcare-related businesses.
Kelly T. Duong
Hammond Hanlon Camp LLC
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Richard Rollo is a Managing Director at Hammond Hanlon Camp LLC, where he is a leader for the firm’s Healthcare Strategic Advisory and Mergers and Acquisitions (“M&A”) teams. Richard has more than 25 years of experience as a senior executive leading corporate finance, strategy, planning, M&A, and development functions in health care, energy, and financial services.
Of the many things to have emerged from the COVID-19 pandemic, the rise in the use of telehealth may be one of the most profound. Because the term “telehealth” is not yet universally defined, we mean here the business processes and technologies that enable, or should enable, consumers to access healthcare providers, obtain care, enable providers to remotely monitor chronic conditions, or, in more serious cases, gain well-curated referral to the appropriate care provider(s).
Since March, when COVID-19 quickly began to spread across the United States, we have witnessed and even experienced firsthand the enormously increased use of telehealth services in lieu of in-person visits to healthcare providers. Today, the push for telehealth goes beyond the need to limit the spread of the coronavirus to the desire among consumers to access healthcare services virtually due to telehealth’s convenience and efficiency. To create value, telehealth must go beyond simply triaging care and, instead, meet the consumer’s healthcare needs efficiently and effectively.
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